Sold for £285,000

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Freehold - A 4 storey property comprising 2 x 2 bedroom and 1 x 1 bedroom flats all let on AST's producing £20,940 per annum

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Description/Location

The property is situated in Weymouth town one street back from the beach. We estimate the current market rent to be £23,100 per annum. Proximity to the seafront means there is potential for increased income through Airbnb style letting through the spring and summer months. Weymouth railway station with trains to London Waterloo approximately 0.2 miles.

Tenure

Freehold
EPC ratings - Flat 1 awaiting Flat 2 awaiting Flat 3 D

Local Authority

Dorset Council 01305 251000 www.dorsetcouncil.gov.uk

Viewing

Please contact DOMVS Wareham 01929 555300

Accommodation

Ground floor: Flat 1 - Living room, kitchen, bedroom, bathroom, courtyard garden - Current rent £500 p.c.m. First floor: Flat 2 - Living room, kitchen, 2 bedrooms, bathroom - Current rent £595 p.c.m. Second floor and third floor: Flat 3 - Living room, kitchen, 2 bedrooms, shower room - Current rent £650 p.c.m. Outside: Courtyard garden to front

Rent

Current rent £20,940 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.